Regulatory Alerts2024-11-11
Added · Updated
CP25/32: Improving the UK transaction reporting regime
The Financial Conduct Authority proposes reducing transaction reporting fields from 65 to 52 and instrument reference data fields from 48 to 37, while removing reporting obligations for 6 million financial instruments tradeable only on EU venues and excluding foreign exchange derivatives. The default back reporting period is reduced from 5 to 3 years, and systematic internalisers are relieved of the obligation to submit instrument reference data. These proposals, which replace Commission Delegated Regulations RTS 22, RTS 23, and RTS 24 with new rules in the Market Conduct Sourcebook, apply to investment firms, credit institutions, trading venues, systematic internalisers, approved reporting mechanisms, and counterparties under UK EMIR and SFTR. Comments are requested by 20 February 2026, with a Policy Statement expected in the second half of 2026.
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